EU Russian Oil Embargo Supersedes Price Cap: Amrita Sen
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Business, Architecture, Engineering
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the market's reaction to Prince Abdulaziz's comments regarding OPEC's output decisions?
A decrease in oil prices
A decline in market sentiment
A massive rally in crude and time spreads
No significant change in the market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is expected to happen in the oil market after the EU embargo on Russian oil?
An increase in Russian oil imports
A decrease in crude prices
A need for proof of the embargo's implementation
A surge in refinery production
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How have refinery outages affected the crude and product markets?
They have had no impact on the markets
They have caused a weaker products market
They have led to a tighter crude market
They have resulted in strong product prices
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role does European insurance play in the flow of Russian oil?
It stops the use of Western insurance
It increases the price of Russian oil
It allows Russian oil to flow to the east
It prevents Russian oil from being sold
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which countries have accepted the price cap on Russian oil?
All EU countries
No countries have accepted it
Only the G7 countries
China and India
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